Realty Income Corporation (O) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Hold
Based on 34 analysts12.9% Below Target
O trades 12.9% below Wall Street's consensus target of $68.00.
Current Price$60.24
Average Target$68.00
Target
Current
Low$66.00
Median$68.50
High$69.00
Analyst Target Range
Forward P/E37.7x
(Growth Premium)
PEG Ratio72.32
(Expensive)
Implied Growth+29.1%
(High Growth)
Analyst Spread4.4%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes O achieves its forward estimates and maintains a stable P/E multiple of 37.7x. This scenario reflects the blended consensus of 34 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
O Price Target Analysis
Updated June 21, 2026As of June 21, 2026, Realty Income Corporation (O) has a Wall Street consensus price target of $68.00, based on estimates from 34 covering analysts. With the stock currently trading at $60.24, this represents a potential upside of +12.9%. The company has a market capitalization of $56.17B.
Analyst price targets range from a low of $66.00 to a high of $69.00, representing a 4% spread in expectations. The median target of $68.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 14 analysts rating the stock as a Buy or Strong Buy,17 rating it Hold, and 3 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, O trades at a trailing P/E of 51.5x and forward P/E of 37.7x. The forward PEG ratio of 72.32 reflects a premium valuation. Analysts expect EPS to grow +29.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $69.83, with bear and bull scenarios of $43.99 and $92.01 respectively. Model confidence stands at 47/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Real Estate stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+9.5%
Industry Consensus
Avg Forward P/E
31.1x
(Growth Premium)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 NNNNNN REIT, Inc. | $8.6B | $45.00 | $46.93 | +4.3% | Hold | 22.3x | 29 |
 ADCAgree Realty Corporation | $8.8B | $73.25 | $84.06 | +14.8% | Buy | 37.8x | 32 |
 EPRTEssential Properties Realty Trust, Inc. | $6.3B | $29.36 | $36.75 | +25.2% | Buy | 22.6x | 22 |
 GTYGetty Realty Corp. | $2.0B | $32.68 | $34.50 | +5.6% | Buy | 20.5x | 13 |
 NTSTNETSTREIT Corp. | $1.9B | $19.20 | $22.47 | +17.0% | Buy | 64.6x | 18 |
 SPGSimon Property Group, Inc. | $68.6B | $211.33 | $208.22 | -1.5% | Hold | 32.1x | 37 |
 KIMKimco Realty Corporation | $16.4B | $24.38 | $25.17 | +3.2% | Hold | 29.6x | 36 |
 REGRegency Centers Corporation | $14.1B | $76.88 | $83.56 | +8.7% | Buy | 31.1x | 32 |
 BRXBrixmor Property Group Inc. | $9.5B | $30.91 | $33.13 | +7.2% | Buy | 26.8x | 30 |
 WPCW. P. Carey Inc. | $15.6B | $71.22 | $78.43 | +10.1% | Hold | 24.1x | 20 |
O — Frequently Asked Questions
Quick answers to the most common questions about buying O stock.
What is the O stock price target for 2026?
Realty Income Corporation (O) has a consensus 12-month price target of $68, implying 12.9% upside from $60.24. The 34 analysts covering O see moderate appreciation potential.
Is O a buy, sell, or hold?
O has a consensus rating of "Hold" based on 34 Wall Street analysts. The rating breakdown is mixed, with 17 Hold ratings making up the largest segment. The consensus 12-month price target of $68 implies 12.9% upside from current levels.
Is O stock overvalued or undervalued?
At a forward P/E of 37.6712x, O trades at a premium valuation. The consensus price target of $68 (12.9% upside) suggests analysts still see growth justifying the multiple.
How high can O stock go?
The most bullish Wall Street analyst has a price target of $69 for O, while the most conservative target is $66. The consensus of $68 represents the median expectation. Our quantitative valuation model projects a bull case target of $92 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover O stock?
O is heavily covered by Wall Street, with 34 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 14 have Buy ratings, 17 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the O stock forecast?
The 12-month O stock forecast based on 34 Wall Street analysts shows a consensus price target of $68, with estimates ranging from $66 (bear case) to $69 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $70, with bear/bull scenarios of $44/$92.
What is O's fair value based on fundamentals?
Our quantitative valuation model calculates O's fair value at $70 (base case), with a bear case of $44 and bull case of $92. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 47/100.
What is O's forward P/E ratio?
O trades at a forward P/E ratio of 37.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 51.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy O stock?
Wall Street analysts are optimistic on O, with a "Hold" consensus rating and $68 price target (12.9% upside). 14 of 34 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do O price targets vary so much?
O analyst price targets range from $66 to $69, a 4% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $68 consensus represents the middle ground. Our model's $44-$92 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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